CANADA STOCKS-Futures up as oil gains; Fed minutes in focus

Nov 22 (Reuters) - Futures pointed to a higher opening for Canada’s main stock index on Wednesday as oil prices surged after faults on a major pipeline dented Canadian deliveries to the United States.

December futures on the S&P TSX index were up 0.16 percent at 7:15 a.m. ET.

Investors also awaited the scheduled release of minutes from the latest U.S. Federal Reserve meeting for hints on the future rate-hike path.

U.S. light crude hit highs not seen since July 2015, with traders attributing the jump to an 85 percent cut in the amount of oil TransCanada Corp will deliver to the United States on its Keystone pipeline through end-November.

Canada’s main stock index posted a 12-day high on Tuesday, helped by broad-based gains led by materials companies as copper prices climbed.

Dow Jones Industrial Average e-mini futures were up 0.16 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.09 percent and Nasdaq 100 e-mini futures were up 0.1 percent.

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TransCanada Corp has told some customers that it will cut deliveries by 85 percent or more on its 590,000-barrel-per-day Keystone crude pipeline through to the end of November, according to three sources familiar with the matter.

The United States, Mexico and Canada failed to resolve any major differences in a fifth round of talks to rework the NAFTA trade deal, drawing a swift complaint from the Trump administration on Tuesday that the lack of progress could doom the process.

The Canadian government proposed on Tuesday mandatory health warnings and child-proof packaging as well as a licensing regime for all cannabis products in legislation ahead of the July 2018 legalization of recreational marijuana.